Winter glow
Registered User
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Hi, my mum wants to transfer €25,000 to me as a gift. Will that be exempt from tax? I have read the CAT document but I'm still not clear. Thanks so much for any help you can provide.
Your mother can give you €3,000 tax free
Your father can give you €3,000 tax free
Your mother can give your spouse/partner €3,000 tax free
Your father can give your spouse/partner €3,000 tax free
Your M and F can give each of your children €3,000 tax free
The above can be repeated tax free each calendar year.
You can use all of the above that may be applicable to you.